Financial Institutions Examination Fairness and Reform Act
Latest action · Dec 14, 2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 14, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Financial Institutions Examination Fairness and Reform Act
This bill amends the Federal Financial Institutions Examination Council Act of 1978 to:
- set deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and
- establish the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.
The bill also requires the establishment of an independent internal agency appellate process at the Consumer Financial Protection Bureau (CFPB) for the review of supervisory determinations made at institutions supervised by the CFPB.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Dec 14, 2017 to Nov 28, 2018; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WV | Joe Manchin III | Original | Dec 14, 2017 |
| R-WY | Michael B. Enzi | May 10, 2018 | |
| R-TX | John Cornyn | May 24, 2018 | |
| R-OK | James M. Inhofe | Nov 28, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Dec 14, 2017 |
Actions 2
Everything that happened, newest first.
- Dec 14, 2017Introduced in Senate
- Dec 14, 2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 5
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 774 | Financial Institutions Examination Fairness and Reform Act | Reintroduction of | Mar 18, 2015 |
| S 2649 | Financial Institutions Examination Fairness and Reform Act | Reintroduced Bill | Oct 21, 2019 |
| HR 4545 | Financial Institutions Examination Fairness and Reform Act | Related bill | Mar 19, 2018 |
| HR 6147 | Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019 | Related bill | Sep 7, 2018 |
| HR 6746 | Protecting American Taxpayers and Homeowners Act of 2018 | Related bill | Sep 7, 2018 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes.
- Short Titles as Introduced
- Financial Institutions Examination Fairness and Reform Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative remedies
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Congressional oversight
- Consumer credit
- Consumer Financial Protection Bureau
- Executive agency funding and structure
- Finance and Financial Sector
- Government information and archives
- Government studies and investigations
- Judicial review and appeals
Text 1
Each version as it was printed, newest first.
- Dec 14, 2017Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
